proxy revenue swap

Nephila Climate, the climate solutions are of ILS fund manager Nephila Capital, and the Capital Solutions unit of Allianz Global Corporate & Specialty (AGCS), have again come together to provide a risk transfer solution to support a renewable energy project construction financing.

Nephila Climate, the recently launched weather and climate risk focused unit of ILS and reinsurance investment giant Nephila Capital, has completed a new transaction along with its often partnering insurer Allianz, which is the first solar farm proxy revenue swap transaction.